Multiple Choice Questions

How has globalization made countries more interdependent? Check all that apply.
  • Countries now rely on one another for vital resources.Countries now rely on each other for new industries.Countries now rely on one another for chances to import.Countries rely on each other for cheaper products.Countries now rely on one another for chances to export.
  • to take advantage of affordable land pricesto take advantage of abundant resourcesto take advantage of lower labor coststo take advantage of favorable tax laws
  • by making long trips less expensiveby making long trips in less timeby opening up new trade marketsby increasing travel options
  • countries.
Global trade provides consumers with
  • countries.
  • services and away from agriculture.
  • more options and lower prices.
  • mobile phones and Internet access.
Recent improvements in ______________ have increased the pace of globalization.
  • technology
  • outsourcing.
  • mobile phones and Internet access.
  • countries.
The business practice of hiring workers in another country is known as
  • mobile phones and Internet access.
  • technology
  • outsourcing.
  • countries.
Which statement best describes how globalization connects the world?
  • Globalization helps create new forms of transportation, communication, and technology.
  • A US shoe company opens a factory in China and hires Chinese workers to make shoes.
  • mobile phones and Internet access.
  • by making long trips less expensiveby making long trips in less timeby opening up new trade marketsby increasing travel options
Purchasing power parity is used to compare the gross domestic product between
  • technology
  • countries.
  • outsourcing.
  • Countries now rely on one another for vital resources.Countries now rely on each other for new industries.Countries now rely on one another for chances to import.Countries rely on each other for cheaper products.Countries now rely on one another for chances to export.
The images show the cost of the same bike in the United States and Britain.The concept shown in the images is known as
  • services and away from agriculture.
  • The economy suffered a setback in 2009 before rebounding in 2010.
  • purchasing power parity.
  • Gross Domestic Product
The graph shows China's workforce from 2000 to 2019.Based on this graph, globalization has affected China's workforce by creating a shift toward specialization in
  • services and away from agriculture.
  • mobile phones and Internet access.
  • The economy suffered a setback in 2009 before rebounding in 2010.
  • purchasing power parity.
The graph shows gross domestic product in the US private sector from 2009 to 2017.Based on the graph, what conclusion can be drawn about the US economy?
  • services and away from agriculture.
  • purchasing power parity.
  • cell phoneswireless devicessmart phones
  • The economy suffered a setback in 2009 before rebounding in 2010.
Which is the best example of outsourcing?
  • Globalization helps create new forms of transportation, communication, and technology.
  • A US shoe company opens a factory in China and hires Chinese workers to make shoes.
  • to take advantage of affordable land pricesto take advantage of abundant resourcesto take advantage of lower labor coststo take advantage of favorable tax laws
  • cell phoneswireless devicessmart phones
Globalization leads to more trade between
  • outsourcing.
  • countries.
  • more options and lower prices.
  • technology
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Multiple Choice Questions
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